Mass ownership of rental property should be illegal: a rant.

Use code LEEJA50 to get 50% off your first Factor box at bit.ly/3lJJNlZ ! | The housing marking in the US is abysmal with a major housing shortage being caused in large part by short term rentals like Airbnb, mass rental ownership especially by private equity firms, and politicians who will literally never do anything about it.
Get started on KZbin TODAY -- Download my free Get Started Guide now:
_________________
CREDITS:
Video Intro by Ayoub: www.behance.ne...
Wall Art by Tyler Varsell: www.tylervarse...
Shelf Art by Mira Mariah/Girl Knew York: www.girlknewyo...
_________________
𝗦𝗨𝗣𝗣𝗢𝗥𝗧 𝗠𝗘
👾 Twitch: / leejamiller
👑 Patreon: / leejamiller
👕 Merch: leejamiller.my...
✨ Amazon Wishlist: www.amazon.com...
𝗖𝗢𝗡𝗡𝗘𝗖𝗧 𝗪𝗜𝗧𝗛 𝗠𝗘
📷 Instagram: / leejamiller
🐦 Twitter: / leejamiller
🤳🏻 TikTok: vm.tiktok.com/...
🖥 Website: www.leejamille...
📧 E-mail: [e-mail]
💌 Snail Mail:
40 S 7th Street
Suite 212 # 136
Minneapolis, MN 55403
(don't forget the # 136!)
_________________
𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗦
HAIR
Prose Shampoo & Conditioner: fbuy.me/rOTEy (link gets you $10 off!)
Shimmer Lights Purple Shampoo, amzn.to/2U3l8LF
The Renaissance Circle by Davines, amzn.to/3dgf8G1
Living Proof Dry Shampoo, amzn.to/3vXGibk
Unite Leave-in Conditioner, amzn.to/2U5ShpI
Hairdresser’s Invisible Oil by Bumble and Bumble, amzn.to/3jiu6zc
FACE
Highlighter: Watts Up by Benefit, amzn.to/36JaeNV
I absolutely swear by Murad Environment Shield Vitamin-C, rwrd.io/mrt81lr?c (link gets you $15 off your purchase of $50 or more!)
Vanicream Face Wash, amzn.to/35SWmQP
Cerave Night Cream, amzn.to/3xUBDbl
Neutrogena Rapid Wrinkle Repair Retinol, amzn.to/3qtCXj9
MY FILMING SET UP
Music is always from Epidemic Sound, www.epidemicso...
Transcriptions by Rev.com, try.rev.com/3VTFgM
Sony ZV-1, amzn.to/3gXg4RN
ULANZI WL-1 Wide Angle Lens for Sony ZV1 Camera, amzn.to/3xXbKaO
Neewer 660 LED Lights (x2), amzn.to/3djjNah (I'm seriously obsessed with these lights they're so nice)
Shure VP83 Mic, amzn.to/2U2qVkr
___________________
𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥𝗦
THIS IS NOT LEGAL ADVICE - Everything contained on this channel is meant solely for entertainment and informational purposes. Nothing herein should be considered legal advice nor does anything on this channel create an attorney-client relationship of any sort. Please seek guidance from a licensed attorney before making any legal decision.
COPYRIGHT - Any use of copyrighted content on this channel constitutes fair use pursuant to 17 U.S. Code § 107 as it is utilized for the purpose of criticism, comment, or news reporting allowed under that statute. See, e.g., Monster Communications, Inc. v. Turner Broadcasting Sys. Inc., 935 F.Supp. 490 (S.D. N.Y., 1996); SOFA Entertainment, Inc. v. Dodger Productions, Inc., No. 2:08-cv-02616 (9th Cir. Mar. 11, 2013); Equals Three, LLC v. Jukin Media, Inc., 14-09041 (C.D. Cal. Oct. 13, 2015).
AFFILIATE LINKS - This description may include affiliate links that allow me to make a small profit (at no extra cost to you!) on purchases made through them. I only include links to products I genuinely recommend.

[@rickybobby5153]

HAHAHA I was renting this nice brand new apartment, finally had myself a good job, COVID hit and I was swimming in benefits and I asked “I was thinking someday I might like to buy this apartment” they told me that wasn’t possible because it was owned by a corporation 🤣 So I started looking around me into different rentals. Places you’d think were mom and pop places, only to find out the “landlord” basically doesn’t exist outside of some amorphous legal entity.

[@zuzanazuscinova5209]

Those apartment buildings are basically hotels

[@fionafox420]

My husband and I were talking about buying a home. However, almost everything available in our city is out of our price range. It’s really sad, because together we make $120,000/year. We CAN buy a $400,000 home, but we don’t want to be house poor and spend every last dollar we have paying a mortgage.

[@bikebudha01]

This was awhile ago... But when my wife and were looking to buy our first home we found a nice fixer upper for $100k. Thing is, while we were filling out the loan paperework, the banker looked over at us and said we easily qualified for $250k loan. We said "cool", but bought the $100k house anyway. Paid it off in 13 years. Lived 'rent free' for the next 11 years. Which allowed us to save up enough money to fix up the fixer-upper. Now we outright own a nice little home. So just because you CAN affor the loan on a $400k house doesn't mean you should buy one....

[@afreaknamedallie1707]

​@@bikebudha01I'm glad that worked for you, but unless someone is willing to move markets entirely AND afford to pay a mortgage and rent, fixer uppers that price today are uninhabitable or do not exist.

[@maybemablemaples2144]

​@@bikebudha01what if I don't feel like jumping through hoops? Why tf do we have to do that? Not everyone can do that bro

[@bikebudha01]

@@maybemablemaples2144 what are you talking about? what hoops? I simply bought a house way under what I could afford. That's smart, not a hoop..

[@jeffhicks8428]

Buy the home you idiot. It's an asset which pays for itself over time. Meanwhile you cash is losing value every minute. How in the world do you have 120k income and yet don't realize this? Oh that's two people's income nvmd. Buy the home. You live in it, and it increases in value. For most folks in the US, the home is the only real asset they own.

[@Baelstrax]

Im from Mexico, went on a trip to Bucerías, Nayarit, close to Puerto Vallarta and Sayulita. I was blown away with the aribnb prices and rentals, a horrible reality of gentrification, I was furious, the once small and easy going towns are turning into landlord aribnb farms, truly hate our economic reality

[@Wash7even]

I was in Sayulita last year. I asked if the home prices in the window of a realtor's office were in pesos or dollars and was surprised when they said dollars.

[@fixerupperer]

I will give Leeja some props for acknowledging and admitting to her hypocricy. It is more than so many people do who want you to empathize with them. And yes, she is not anywhere close to the worst type of predatory landlord or property investor.

[@jeffsmith9420]

Yeah. She strikes me as being a bit of a grifter as well. Also, her understanding of policy like zoning is rather misinformed niave.

[@rightsarentpolitical]

@@jeffsmith9420 I'd be very curious to hear your explanation for that statement - in my experience (20 years in financial industry, 7 years community advocacy, member of multiple chamber of commerces and having attended a city Leadership program), everything she said was spot on including the zoning policy information. I have been to MANY city council meetings where we have had to speak up on the fact that elders and young families won't be able to afford to live in the community if we continue to kowtow to those who don't want low income housing in their neighborhoods. Some will use nicer words, but some will just explicitly come out and say lower income or apartments - this is EXACTLY what is taking place in major cities, in suburbia, and in exploding cities that used to be more rural and are turning into suburbans in the last few years. There are so very many people who would love to purchase a home, and can't. There are so very many people who have had to sell the home they do have because keeping it isn't sustainable and selling it means they can survive longer; only to watch as they can't afford to get another one and watch rents continue to spike. We are in crisis as an economic and housing system, and it is only getting worse.

[@dlo111]

What? No hypocrisy here and she's not grifting. Jees...

[@gr3g0r5]

@@dlo111 all landlords are grifters by definition

[@briancrawford8751]

After she disclosed that, and aftet the ad for some company that resells white label frozen food online, I just quit watching. She's good for info, but remember, she's a lawyer. You don't need three years to learn what people learn in law school (The third year is all elective stuff.), but they do need that three years to kill your humanity. You can't trust a lawyer, and you can only come close to trusting one if they work for you.

[@cuddleslol]

THE CONCLUSION this is what we need 👌 thanks for making this content!

[@frogpants3005]

Not only did the price increase for resources hurt housing but it hurt gardening and farming. Not only can I find a place to live in a price that can be bought by one house but I can’t buy and produce from home sustainably. What’s the point of my career and education when I can’t even do it or share it. My life has no meaning and I just don’t want to live

[@jnd3001]

I think this might be the most important video you've ever done

[@KB-zq9ny]

This is problematic, because we want people to be able to buy and own things and rent private property; we just want major companies to be limited on what they do.

[@Ioria89]

It's the same in London, where i live. In the last couple of years, rents increased by 50% because a lot of houses are let with airbnb.

[@skyflynick]

Palm Springs has great regulations. Only one short-term rental permit issued to a single person or company. They also have limits on how many can exist in a neighborhood too.

[@BigSky000]

Greed. Greed is all over. How many viewers would buy a house and then expect to make a killing when they sell? For most of us, there is nothing forcing us to sell to the corporations. It's called selling out for greed, and that's no better than the corporations.

[@nalani2553]

Can you scream this louder for the people moving to Hawaiʻi, buying homes in Hawaiʻi, creating more AirBNB in Hawaiʻi and forcing Hawaiians to leave because we canʻt afford to live here in our home? Mahalo.

[@kni9ght]

Sorry to hear that boss, same thing in Oklahoma

[@RainingCandi]

It's a major struggle over in Puerto Rico too, pushing so many of our families out of our homes of decades. It's really sad.

[@krissybee2484]

Okay so the issue thay makes the situation in HI way worse than the one anywhere on mainland is that it’s Hawaiian locals being priced out of their own land. Do you know how difficult it is to leave the island? Shit ain’t cheap. So, yeah what’s happening in Oklahoma isn’t even comparable.

[@peerlessvillain]

@@krissybee2484 yeah...imagine being trapped on an island....versus being in the middle of bumfuck OK. Just load up the uhaul and move...

[@Sid-69]

Say it louder! For the haoles in the back!!!

[@manuelruiz9189]

Back in 1988 I had a conversation with an elderly woman on a Greyhound bus. She said something to me that I never forgot. She said "you're going to see, this country is going to implode. I won't be around to see it, but you will because you are young. Selfishness is going to destroy this country." I never forgot her words and with each passing year those words become more and more prophetic.

[@donaldfeger91]

Yea we baby boomers only taught the younger generation how to be greedy! That lady nailed it so did Paul Harvey in a radio show in 1964! And here we are now! Shabbam!!!!?!!

[@comradesillyotter1537]

Financialization has ruined this country

[@TheFlutterQueen]

​@@comradesillyotter1537what's financialization?

[@comradesillyotter1537]

@@TheFlutterQueen commodification of housing, of education, of food and social contact

[@sharongillesp]

@@comradesillyotter1537 Yes… and especially nature.

[@baby.nay.]

I watched my parents turn from lovable hippies to trump supporting multi property landlords in a decade or 2. My mom always vilifies others for their excess … like once she said to me , I think a person should only own 4 shirts . I said I think a person shouldn’t own more than one house , and she got incredibly defensive. They completely forgot what it was like to be starving with 2 children , it’s really sad that even smaller landlords like my parents became totally selfish and greedy people. I became physically disabled at 26 and they had the nerve to ask me to vote against disabled housing in my area bc “it would help them out “

[@arturohull14161]

Hippies serve Satan and capitalism. Google the Congress for cultural freedom. Hippies were funded by the CIA.

[@Kittymancer78]

I'm sorry for the parents, I know what it means to have a disappointing parent. So I wish for you many blessings. We need to keep fighting the good fight. I know how disheartening it can sometimes be.

[@kellharris2491]

I am in the same situation. I was working hard and broke my back. Now I am fighting workmans comp. I have a plan though to work remote. You might try looking into some online positions. Good luck.

[@WillieBrownsWeiner]

I'd love to hear their version of this story. Lmfao.

[@WaveRider1989]

​@Erika Valles disappointing parents? His parents worked hard, blood sweat and tears first years to build wealth. I would be proud as gell for them providing for thier family. You people are trolls.

[@smileyeagle1021]

Your rant on AirBNB really resonated with me. One of the best vacation experiences that I had was at an AirBNB that was an old house that had been subdivided into three suites, a couple college students had gone in on it, they all lived there when school was in session, and during the breaks, they took turns on staying there to manage the other two suites being rented out as AirBNBs. The AirBNBs during the breaks were helping pay for their college and we saved a lot compared to staying at a hotel. It truly was everyone won. So of course, private equity firms went and ruined the whole system.

[@WhatWillYouFind]

Look at Bernie Sanders. Has a home in Vermont, Washington, and a vacation cabin out in the boonies. He actually LIVES at those residences and uses them. That should be the qualifier, if you cannot LIVE in that home and use it throughout the year . . . its gotta go. If he did AirBNB on his cabin nearly year round, I'd be fine with that . . . but the other homes are for him and the family. Housing should NEVER be a speculative investment, it sours everything. Land is finite and prices tend to only go up, until you have another 08. It is why many places across the EU have rent and price fixes to prevent the literal loan sharking that we permit in the west.

[@Demopans5990]

Here's a funny thing that Airbnb made: In Prague, Czechia, during the pandemic, the Prague city center was empty, as in, basically no one was walking around. Even in NYC, there was at least a "few" people walking around on the streets of Manhattan, but Prague? No one. Turns out, most of Prague's city center was Airbnbs, so when tourism took a massive hit due to Covid, so did the rentals.

[@Donaldtrummp]

Their mad cause their lazy & broke & can't afford to own anythin they can only bearly afford to rent it 😂😂💀 it's a looser gen x mindset

[@Donaldtrummp]

​@@WhatWillYouFind providing a service for brokie loosers like u to be able to rent without a 15k down payment & a 200k -500k loan hanging over your head that yall don't have the balls to take a chance on & making sure plumbing, hvac, & appliances all are constantly in working condition for the same price every month... for all the energy yall use complaining about landlords yall can use it exposing slum Lords but that would require research & work something that yall don't wanna do

[@froggy_art1]

One time my mother rented an air bnb and when she and my aunt went into it there was a random man in it and it was rented out by a woman

[@ciaociara]

I moved back in with my mom because I was losing so much money paying $3000 for a two bed, one bath in Anaheim, CA. Thankfully, I like her 🥰

[@franciscorosa1498]

That's insane Pennsylvania is still 7.25 an hour so that would be impossible for less than 4 people at minimum wage

[@DimaRakesah]

I feel for you. Hopefully things improve so that you have more housing options ❤

[@katekursive1370]

In my culture it's encouraged to live in the family home to accumulate funds. Because when you have a good relationship it makes sense

[@DimaRakesah]

@@katekursive1370 That's nice for people who can do that or want it, but as a standard it seriously disenfranchises people who can't stay at home. Some people do not grow up in healthy households and need to get out of those situations, or they may need to move somewhere for work or school, or they may never marry, or any other host of reasons why people might do something different from what others assume is best. It is important that we give people the options and support to live in the way that is best for their situation.

[@heatherhansen2785]

There’s more affordable condo and apartments in the area. I live in a 2 bed 2 bath condo with a small front and back yard for 2200 in Buena Park. One city over.

[@emilyhelms8831]

I work in community development for my local city! We have what I would consider a nice middle ground code for air b n b. To run an air b n b we require that you have a business license (super cheap,easy process). Our code says that the rental property must also be the owners primary residence. This means homeowners can rent out space in their homes to make some extra income but a house cannot be bought just to be used as a short term rental.

[@EyeGlassTrainofMind]

That's a brilliant concept! I really like that because it still allows people like Leeja who are trying to support their mortgage a way to do so while also not depleting the market of long-term housing. If you don't mind my asking, how long have you had this policy in place and how is it going so far?

[@aangitano]

Congrats! That's the way to do it

[@emilyhelms8831]

@@EyeGlassTrainofMind it’s going well(ish). State law makes it more difficult to pursue a case against people with Air BnB’s who don’t meet our code. State law says we can’t use their online listing as proof that they are breaking our laws. We need other forms of proof. Our code enforcement officer has more pressing tasks. For the most part however it has been enough to detract businesses from trying. Not perfect but its better than most!

[@meridoughten9425]

I love that! Totally agree, that seems like a great middle ground.

[@Sleipnirseight]

This is the way to go. I've seen many Airbnbs where the owner lives in the main house, but has a small addition in the yard to rent out. This prevents people who just want to prey on the community for easy money, and ensures they actually live there and are a contributing member of the community.

[@drewm9903]

People don't even see the authoritarianism that comes with letting a few people owning tons of rental property.

[@andrewzcolvin]

Yep. People only see authoritarianism when it comes to government, but are oblivious to the tyrannical boot of capitalism crushing all of our economic freedoms and life chances. Amazing how well decades of propaganda has tricked Americans into fighting against their own interests.

[@georgH]

But it's not the government, it's just ol' good American dream, totally normal free market society therefore... It's fine.

[@tuberific454]

And it also hurts local businesses by reducing the amount of discretionary income renters have left over after being gouged by this rigged rental market. If rents are increasing while local businesses are going under then a slowing economy isn't the driving factor. Even the slightest changes in income create what is called the "multiplier effect." So, a 30% cut in spending resulting from rental increases means a significant impact on local businesses even after accounting for the ratio of renters to homeowners.

[@lesbiangoddess290]

​@@georgHit's really not but okay

[@Donaldtrummp]

Yall don't like it move to a different country 😂😂😂

[@GratitudeDay]

Eliminating corporate lobbying seems like it would help a lot of things.

[@ellusivegman]

How do you do that?

[@ComradeHB]

​@@ellusivegmancommunist revolution

[@ellusivegman]

@@ComradeHB oh, so by making things worse? lol

[@ComradeHB]

@@ellusivegman how would that make things worse? I'll bite lol

[@Matt-vq8fg]

​@@ellusivegmanYou honestly can't think of a way to remove corporate lobbying from politics? 😂

[@Dangeresque_2]

A huge company bought up low income rentals where I live in the Midwest and then gave everyone eviction notices in November. The city somehow got them all an extra month but they were all still evicted and their current working on flipping the homes. And the owners of the companies have never even been to our city.

[@ericdecker2914]

You and your friends should help theirs’ renovations’ along. You all already lost the housing, why let these fat cats from the East Coast keep it?

[@JaneticsInk]

Dang. I’m sorry.

[@pupawupagus]

i just posted a huge rant about something similar. property companies here in chicago slap us in the face with their dick every fucking day and we are all at our wits end 😢

[@pupawupagus]

@@HadenBlake YES!!! 💯

[@Dangeresque_2]

Just to be clear, I didn’t personally lose my housing, I realized that the wording there was vague.

[@RandomGreenFishPhone]

Greystar bought out the apartment complex I used to live in 2 years ago and last year I was forced to move out, along with many other residents, when they raised the rent by over 30% over the previous year. It makes me sick to my stomach to know that my tax dollars helped fund the loans they took out to buy properties like my previous home.

[@glenn7721]

Your tax dollars had nothing to do with it.

[@kellycozad1099]

​@@glenn7721your tax dollars are given to Freddie Mac, Freddie Mac funds Greystar 🥴👍🤡

[@diggernash1]

If there are people willing to pay 30% more, you weren't paying enough.

[@kellycozad1099]

@@diggernash1 Bullshit and bologna 🙄

[@kellycozad1099]

@@diggernash1 and it's there** for the love of God 🙄👍

[@mebrandonb]

I lived in an apartment for 5 years here in Brooklyn. Paid rent on time every month the entire time. The building owners gave the entire building 1 month notice to vacate ahead of their lease renewal and turned every unit into an airbnb short term rental. Where are we supposed to live if people can just yoink affordable property out from under you!

[@quotidian5077]

Boondock on blm land. Kidding although that is what some folks where I live are having to do.

[@mattbosley3531]

Nobody is guaranteed a place to live in the world, or in this country. You find another place to rent or you buy a property of your own. Or you live on the street, like all the other homeless people.

[@ddurlon]

@@mattbosley3531 how compassionate lol, you arent promised food or water either guess we should starve and die of thirst

[@justalittledangerous]

​@@mattbosley3531 why can't we guarantee housing. As a country we agreed on a set of arbitrary rights- gun ownership, voting, not being forced to house the military, access to alcohol. Why don't we add this one?

[@ZentaBon]

@@mattbosley3531 we have the resources. It's such a waste to let human beings die unnecessarily

[@aubreejobizzarro1208]

Yes! Thank you for pointing out the removal of COMMUNITY from all of this. I’ve always felt icky about AirBnB because I know they are often managed corporately, not locally by local community members. The whole f**king point of traveling is to get to know the community, not trash a house for your Bachelor party because who cares? It’s not YOUR community. But I bet my entire fortune those same people would absolutely RAGE on next door neighbor if it happened in their community. 🙄 People need to grow up and take some responsibility for not only their own communities, but when they travel to others as well.

[@WhatWillYouFind]

The problem with AirBNB and all other GIG economy companies is that they have no purpose, but to exist and cause chaos. UBER, LYFT, and similar services were just trying to take over the market that traditional cabs had for decades, guess what happened after they succeeded disrupting that industry . . . the cycle repeated and it is the same crap just new paint. AirBNB is hospitality, but hotels do the very same thing and their business model is all about efficient extraction of short term. Grub and Ubereats? We had pizza delivery for decades, but now EVERYTHING is delivery? All of these jobs suck, even more so than a traditional burger flipping job because all the liability is on you. AirBNB was just FOMO with a huge spike in initial offering profits, but as people drove up prices and the market saturated, it never made sense to spend the money when hotels became cheaper again. The gig economy is just corporations and small fish trying to play the same whack a mole game with loopholes that got those original industries regulated in the first place. Gig companies are a blight, because they offer NOTHING over the long term and the subsequently prices and costs go up because the investment capital dries up so does all the cheap service. A service that had increased costs, liability, and required even more initial capital investment as opposed to the tried and true former system. Sure, cab driving and that whole industry NEEDED to evolve and it was due for a major revamp, but the conclusion of that market shake up was a bigger can of worms than the annoying sleazy former system. The long term viability of it all seems impossible, try using GRAB abroad. It is THE way to get around if you don't drive, but when your driver wont even clear a couple dollars a day after costs and it is basically an alternative form of indentured servitude, it really leaves a bad taste in my mouth. Corporate Feudalism doesn't go down smoothly, I'd rather have whatever the F my parents said they did half a century ago.

[@Cardinal_Number]

True - although in a lot of cases its communities at the local level (through zoning, community rejection of approval for construction, etc) that lead to shortagea of housing

[@rayniebee]

A friend of mine works for a social work organization that supports youth who struggle with homelessness, domestic abuse, and mental health. It's based in a very popular tourist area. Their company has a massive problem with staffing; support workers are interested in the roles, but they can't accept the roles because they can't afford to live nearby and thus would face excessively long commutes. The area has been completely priced out by short-term rentals and Airbnbs. So, it's not just preventing people from finding affordable housing, it's also preventing people from taking jobs in their fields, which to me seems like a vicious cycle; can't live, can't earn. And then in this particular situation, vulnerable people are also not getting the support they need because no one can afford to provide that support.

[@DimaRakesah]

I live in an area with the same issue. Available housing here is so overpriced and scarce that many companies in the area, like hospitals and schools, can't hire enough workers because the potential workers can't find a place to live. Our available housing regularly stays below 1% and has been that way for years even before the pandemic. Apartments and houses get snatched up so quickly that even if you have the money to get a place you're competing with hundreds of other people for it. Unfortunately, people see these businesses that are perpetually understaffed and hiring and come to the conclusion that "no one wants to work!" because they're completely unaware we have a worker and a housing shortage. It's very frustrating, because for whatever reason so many people will write off massive systemic problems as "people are lazy and entitled!" and then the actual cause of the problem just goes on unnoticed by locals who then continue to vote and organize against building housing that would help the problem. Workers need affordable housing or they can't come here to work! And it's not as if you can just find a place outside the city and commute, because all the local rural areas actively fight against the building of apartments or condos and want only single family homes built, which then sell for ridiculously high prices. So people end up either living in overpriced, small, shitty apartments or massively overpaying for something half decent and working multiple jobs to pay for it and get stuck renting because they can't afford to save up a down payment for a house.

[@Iquey]

Mutual aid crisis. Nobody can afford to be charitable and the ones who can won't.

[@Yukosan13]

The sad thing this has been a problem for so long cause I remember reading about such problems back in 2008 and yet it only got worse and the rich only complain why there's so many homeless people 😞 but don't care enough to support any real change

[@glumreaper8885]

I see the same problem with teaching and education support jobs near me. Our schools nearby have 5 or 6 vacancies year round, can't hire a cafeteria manager, and consistently don't get subs. People want to work in the schools but the negotiated salary is just not feasible for the neighborhood. People either commute in from lower income neighborhoods (passing 10 or 11 other schools) or they work in education as supplemental income because their spouse usually has enough income for them.

[@user-sf9gs2pg1b]

I live close to the Mexican border and a ton of people live there and come back to America to work (both people from Mexico and America, probably other places too) because property costs way too much where I live. I hear the properties over there are increasing in price because of this which is unfortunate since the minimum wage in Mexico is much lower and that’s why the houses cost so much cheaper. It’s pretty smart. Edit: the cost of places in Mexico increasing due to people moving there from America may not be true - I looked it up, and see people saying that is the case, and others saying it’s not, but no solid answer. So… ignore that part.

[@JaneticsInk]

This has happening in my neighborhood in Vermont. Our town has MAYBE 800 year round residents. We are in the Valley of Okemo mountain which is a huge ski resort. Our schools are closing. The elementary school went from 120 to 73 in 5 years. No one can afford a house and no families can afford rent. Renters can get a month worth of rent in a week. This town is a working class town. Sadly when they passed a mandatory fee to slow it down. It’s $200. So ridiculous because I know people on the board have an Airbnb properties. It’s easier to open an Airbnb than a long term rental. Long term rentals have to be inspected by fire marshal and have many many regulations. The airbnbs are killing our internet bandwidth, town water, we don’t do trash pick up so these people are putting their trash on us who PAY for every bag. I hate it. Mass ownership is straight up THE PROBLEM.

[@Chachixo]

Oh wow! When you say they are charging a $200 fee, is it a fee that people have to pay to have short term rentals?

[@thoughtlesskills]

If left that way the entire economy of the area will collapse from no available labor. All so somebody could buy an extra yacht. Its gross.

[@Winspur1982]

I think you need to call Bernie in to raise some hell. He could do more good for you, I'm sure, than he will ever do appearing on Bill Maher's garbage show.

[@clarkpalace]

I could just say, oooh America. But I wont. I m disturbed by your post bc I m not far from you, Montreal. I have my own homes, in and out of the city. But I dont want to live on a planet where people cant afford to put a roof over their heads

[@bobbob-gx1iq]

Not going to lie by what you are describing it sounds like your town was already dying and this is what is making you realize it.

[@necrosunderground]

When my dad passed away last year, we hadn't even gotten him buried before my mom started getting offers to sell her house from these "real estate companies" that weren't even in the same state as us, like, other side of the country. These people are so predatory, they won't even allow a family to grieve before they jump on what they see as an opportunity. My folks own their house, plus the duplex that one of my grandmother's owned (they rent it out), and the little house where I live, which was also my other grandmother's house (been in the family for five generations, I'm not even gonna think about selling it). When my mom passes (hopefully no time soon), I will sell the duplex, but ONLY through a local realtor (I don't have the time, patience, or desire to be a landlord), and move into their house, giving my current one to my youngest kid. And yeah, I googled some of those offers; every one of them was from AirBNB groups who pull exactly this shady shit. It needs to be curtailed, asap.

[@briancrawford8751]

I got calls like that that were clearly from India.

[@jimba6486]

You could serve your community and country by being a landlord for the duplex. America could use more small landlords. More concious minded. You have control over the property later. Consider taking the lead. If not you, then ask who.

[@CharlieApples]

I’m currently homeless and living in a motel. I’d lived in my apartment for 12 years, and last Christmas Eve my landlady showed up with this huge smile, like she’d gotten her presents early, and gleefully told me I was being evicted. 😊 She handed me the eviction notice and actually bragged about how much more she was going to get for my apartment. I didn’t even have a car. She didn’t even give me a chance to somehow pay the rent, which she _doubled_ without making any improvements to the apartment, because it’s illegal to do that to an existing tenant. So she just…kicked me onto the street without warning so a wealthier person could move in. 12 years. I loved that apartment. I had an amazing garden in the summer. I loved all of my neighbors. She didn’t even give me a chance. I would have paid more if she wanted to raise the rent, but she wanted so much for it that it was literally illegal, and she’d found a nasty little loophole in the law. I took her to court and successfully delayed the eviction rent-free for 3 months, but now it’s been 6 months _and there is still nowhere in town that I can afford._ I’m a retail manager. I work 40-45 hours a week. I’m not a bum, but that’s exactly how she treated me as she helped herself to all the expensive furniture I was forced to abandon. Landlords are truly evil people. They genuinely love seeing people suffer. They get off on it.

[@newkidonblock9940]

I hope to be a landlord one day, ima get it out the mud tho. But 12 years?? And so emergency savings. Bro what where you doing??? I hope you find a place and everything goes well but we always have to be slightly prepared. Life is hard man

[@ravbarring]

I’m a Landlord. Some tenants know how to Fuck over the landlord. They game the law system and take advantage of small landlords. 1st. Real Estate is a banks product. 2nd. The Dollar you are forced to use is a private product produced by the Federal Reserve. It’s designed to lose value. Tax laws force those who’ve woken up to the fact they’ll never be financially secure working a 9-5 Job are forced to purchase real estate and create small businesses. If you want to change things. Change how you are Taxed and change how the product we use as currency doesn’t lose value. This KZbin video is focusing on the wrong people. Focus on the Government and their relationship with the Federal Reserve.

[@Josh_Fredman]

I'm sorry all the other replies to you so far are by utter shitbags who defend this malevolent injustice against working people. Your story is horrible and I've been through my own version of it. We need radical legal reform in this country, or failing that we need a revolution.

[@AssBlasster]

@@ravbarring Does OP sound like a manipulative tenant to you? Most of us are trying to have a place to sleep and call home. The problems with any landlord is that they have most of the leverage in the housing market. You want to raise rent, kick out a tenant upon a lease renewal, or turn it into an overpriced airbnb. No problem for you! But renters are just screwed and forced to adapt to higher rents. lmao I'll have better luck avoiding arrest after I burn down city hall before the any government fixes these issues through new legislation.

[@CharlieApples]

@@newkidonblock9940 I had to spend most of my emergency savings during Covid (I worked at a restaurant which ended up closing permanently during lock downs). But like I said, I had the money to pay my landlord if she wanted to raise the rent. It would be hard to afford what she wanted to raise it to, but she didn’t give me the option of renewing the lease either way. She effectively evicted me under no pretense.

[@side1981]

Its amazing how much 2008 is still with us, its the wound in our society that just won't heal.

[@gabrielenitti3243]

the "wound" you are talking about is called greed, and humans will never heal from it.

[@uhmidk7]

@@gabrielenitti3243 we did fine for thousands of years before. The wound is capitalism, not people

[@emberman535]

@@uhmidk7 ...this comment broke my brain.

[@emilyb.8219]

@@uhmidk7 Fine? Centuries of slavery and feudalism is fine? Capitalism sucks but it was not fine before either lmao

[@uhmidk7]

@@emilyb.8219 i mean we did stuff before kings and stuff too. least we weren't killing the planet then

[@hw4147]

I'm a server, and I once waited on my landlord. She and her bf were telling me about their 3 month road trip in their camper van to alaska (one of many trips they took). I told them how that's my dream to be able to take a road trip to alaska. And she left me a $9 tip. Thanks for the $9. Hope they had fun on their trip that i paid for, while I live pay check to pay check and cant even get a break.

[@abigailelizabeth4655]

It’s crazy bc we have a housing shortage yet here in Baltimore there are city blocks upon blocks upon blocks of just abandoned houses that no one (except homeless people) are using. I lived in multiple abandoned houses while I was homeless for multiple years. One of my bandos even had the electricity still turned on for over a year. Some of them the structural damage is too bad to fix (I’m talking an entire tree growing out of it) and others like my main 2 I lived in where perfectly fine. People just don’t wanna live here and especially not in the hood. When I get more money I’m gonna buy some of them and fix them up and either start some sort of charity or rent them out for affordable prices. Our mayor is a POC too trust me. I’ve found party or which side doesn’t mean shit when it comes to caring for the welfare of people.

[@stefleopard9975]

Carpentry student & home restoration nerd, here! Just wanted to let you know that no house is beyond repair. Even houses with trees growing through them. Anything can be fixed with a little patience and Hard work! Love your idea of fixing up the old houses and renting them at an affordable price. I hope you get to do that! There are a lot of hoops to jump through if you want to take out a loan for a restoration but I think it’s totally worth it.

[@meridoughten9425]

That's a really amazing idea! I love it 💕 I definitely think you could start a nonprofit with a mission like that! Certainly worth looking into because it could really help with accessing funding/grants to have 501(c)(3) status

[@maynardewm]

They do this on purpose. Someone buys a bunch of properties, and lets them sit there and rot. Then, the areas around it also become blighted, and they buy those up too for pennies on the dollar. Some cities will even PAY them to own the properties FOR FREE and fix up the area.

[@thoughtlesskills]

Damn near everybody is white when they get enough money.

[@ArisenMind]

Your mayor being a POC doesnt mean shit. That retarded ass notion that somehow, some nigga that doesnt look like you, shouldnt preside over you, is dumb as fuck my nigga.

[@MoonFirefly13]

Its happening everywhere. My husband and I have jobs at state parks and live in a wall tent. There is a small village near by that had 4 properties for sale. We were looking at them in hopes to own a home nearby our job. One of the owners of a home we were looking at told us that a couple who have many air bnb's had bought their property with cash. They also mentioned that these same people bought the 3 other properties that were for sale in this small village. The reason we are living in a tent in a state park is because the city we lived in raised it's rent across the board. The apartment complex that we lived in was bought out by another company, We were still in a lease at 900 a month. It was also the beginning of 2021 and new mexico was still in lockdown so nothing was open. We couldn't go look at other apartments because none of them were taking new tentants. When our lease ended in April 2022 we were facing 1,600 a month in rent and we couldn't afford it. We were sick of living in the city. So we downsized what we could, packed our stuff in storage and have been living in a tent since then. So yes, I strongly feel as you do. It should be regulated or illegal. So many people are living in their cars/trucks now. More than you realize. We work too but it's been so stressful, sometimes I contemplate suicide.

[@emmelinesprig489]

That is an awful situation. Please keep living. The past few years have been so difficult and destabilizing. I’ve had a lot of suicidal days too. But circumstances are always temporary. We will make it through. There will be joy again. I’m choosing to live for a future where I have the time, energy, and resources to take action. I journal and write poetry so I never forget or become complacent. Please try to be gentle and kind with yourself. You have intrinsic value, just like everything in nature.

[@eternallyborn]

Stay strong. People can't ignore this forever.

[@MoonFirefly13]

@@emmelinesprig489 thank you for your kind words. I write jounals and write poetry too. I'm also an artist. Its been very hard for me to create lately. All my energy is focused on just staying alive. There's days I feel it would be easier to just give up. I'm still here though. Do what you can to stay here too.

[@MoonFirefly13]

@@eternallyborn I have seen homelessness happening since I was a kid in the 1980's due to greed. Greed is the problem.

[@diggernash1]

Perhaps you should have earned more money throughout your life or moved to a cheaper area.

[@HP-mk2lw]

Living in a tourist trap town - Las Vegas - this is a major problem here. We already had a housing shortage but short term rentals have created a nightmare. They’ve made rent so in demand that finding an affordable apartment is hard for people. Living in your car or van is literally happening everywhere. Last year we had homeless teachers who couldn’t afford apartments and were living in their cars with their kids because of all the application fees which aren’t refundable. It’s crazy. It’s unfair. It’s unsustainable.

[@HP-mk2lw]

@@RyolithRandil Actually I was forced to live here. I was born here and then raised here. This is where my family is and my husband’s family meaning our lifelines if anything ever happens. And moving costs money. So move along, troll. You are a troll because none of what your say applied to me and its just scamming BS as usual.

[@maremaarten]

Man, seeing your videos back to back, especially this one, makes me realize once again: greed has just f*cked America. Worse, those same ultra rich investors don't shy away from bying up property abroad too, including where I used to live.

[@MustbeTheBassest]

Yeah, I think greed is a constant issue in every society throughout history. I believe America has been uniquely fucked due to the lack of regulating it. Our government went from FDR new deal to Regan trickle down and now we have this mess. Time to get out I think.

[@christopherbrooks6355]

Greed from the poor to the rich. Don't leave our the mass damage the poor have caused

[@QueenLeccare]

It's everywhere The whole of the west is in a short

[@QuintessentialQs]

@@christopherbrooks6355 Lol, the "damage" caused by the poor is 99% because they are poor and resources aren't distributed equitably. And that's because of the rich. The rich are, in fact, the main cause of suffering in this world.

[@christopherbrooks6355]

@QuintessentialQs first off most poor use resources they don't produce or help produce that is a drain on resources. Most these poor can't work a 40 our work week and dropped out of high school cause they didn't feel like going. Draining resources while producing nothing of value drags down all of society. Thinking u are entitled to resources u didn't is lazy and hurts everyone around u. The fact u think poor people don't hurt society is the problem with society. Go out and buy Jordan's and an iPhone while getting food stamps or living in government housing while driving an escalade is the problem. They always trying to steal others resources with putting in the work

[@jordanguillory7180]

In the town i work in, there was a scandal about an apartment building whos owners just stopped paying the bills for all the tennants. The building was on the verge of having its water, gas and electricity turned off by the city in the midst of that recent winter storm! Luckily they made the news and people pressured the city to figure something out. Bc the tennets had been paying the bills for months but the owners just kept the money. Then it turned into an even bigger scandal when the news found out that it had happened across the city in a couple other apartment buildings and owned by the same owners! How many could have died or lived but had to move out for no doing of their own, abd that's freaking expensive!! I will never understand how poor republicans (its a poor red town) Don't see how the housing crisis is a DIRECT result of greedy real estate owners. Actually, I think I do: the possibility that THEY could become a greedy owner makes them not want to make this immoral shit illegal bc one day they could exploit it. You did it best: this is what regulations are for!!

[@natedagreat19]

@@crimsonguy8696what’s virtue to profit margins? This is America, home to the ALMIGHTY dollar. Since when I’m the 200 years we’ve existed have we EVER not put money first? George MF Washington couldn’t properly arm this militia cause no one state wanted to foot the bill lol. This IS our culture.

[@crimsonguy8696]

@@natedagreat19 Go crack open a history book about mutual aid societies, then you can come back and speak after you've read up. Or perhaps you might want to learn about market scale and robustness in local sourcing? Maybe Agronomy based home production? Decentralized utilities, hell, decentralized political power? Maybe you aren't aware, but how the country is isn't how it always was. We're on maybe the 7th iteration or so, depending on definitions. No system is perfect, but we certainly have had a more perfect union than what we have no, and it could be so again, maybe even better than before.

[@VVVVV00]

@@natedagreat19 What are you on?

[@mr.sushi2221]

Any place owned by highmark do not rent at! Biggest slum lord in Denver. I heard workers laughing at a guard rail on the 3rd story being broken and laughing about the corporation getting sued when it happens. They haven’t paid any vendor in over 2 months in my old place and over 100 people don’t have ac in 100 degrees and they don’t have enough portable ac’s to cover it. Long rant but the place made me so mad cuz I loved my actual apartment I hated the people who treated it like a slum. Talking human shit in hallways security stalking me, security looking in windows at people changing, employees stealing. Absolutely nothing was ever done about any of this.

[@diggernash1]

Perhaps you should earn enough to build hundreds of housing units and the set the rent as low as you wish. High income earners are already funding the government, but you also want to use the government to reduce their income.

[@bertbaker7067]

“We can either have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can’t have both.”

[@youtubesucks1499]

We are a Constitutional Republic...

[@bertbaker7067]

@@youtubesucks1499 you must be fun at parties

[@duel424]

​@@youtubesucks1499 that doesn't mean what you think it means. Even if it wasn't explicitly democratic that doesn't mean that it shouldn't be changed to be more democratic.

[@youtubesucks1499]

@@duel424 What do you think a Constitutional Federal Republic is?

[@youtubesucks1499]

@@duel424 Ok so the majority rules is mob rules.

[@WhatBeDaPointMon]

Politicians being "in on the deal" in regards to anything that makes them a profit for voting in the interests of these big corporations, is a huge reason why things seem to be getting worse. It doesn't matter what side you take, both line their pockets one way or another and both of them voted for a pay increase during record high inflation. Our ancestors would have gone to war over this crap by now.

[@glenn7721]

Not happening.

[@danbeaulieu2130]

My mother's family went to war over this. Bonnie Prince Charlie led us to Culloden, on the promise of an end to the enclosures and clearances.

[@d48731]

Every Airbnb I’ve stayed in the past 5 years has been soullessly decorated, cheaply furnished with some of the most uncomfortable beds and couches known to man, and pathetically maintained. And then they expect you to believe all $200 of their fees are going to cleaning and maintenance lol

[@TheGeorgeD13]

My $200 fee (and more from my own pocket) is definitely going to cleaning and maintenance and is definitely the case for many Airbnb properties. Great cleaning services charge more than $200 a turn.

[@stevenswitzer5154]

We went to an Airbnb last week. We spent 3 hours cleaning the house when we arrived. Toilets and showers were absolutely gross

[@AssBlasster]

After staying in a few similar airbnbs, I try to ensure that I am staying in one where the owners actually live on property and ideally only have 1 room. I hate those airbnbs with multiple rooms in a crappy basement area and a shared bathroom with who knows who. I always love when they forget the very basics, like a space to hang clothes or washclothes.

[@mulletsquirrel]

@@stevenswitzer5154 sounds like you should have taken pictures and documented it and gotten a refund.

[@emilyb.8219]

@@AssBlasster I stayed in an airbnb in a basement of a house where the owners lived, and it was fine except that I could hear the wife drunkenly swearing at her husband when I returned for the night 🥴 So I don't really like the owners to be quite that close

[@Dizzy2death]

Rule #1. Never ever EVER trust a politician regardless of which side they pretend to be.

[@robertgronewold3326]

Yeah, there are likely only about five fully trustworthy politician in congress.......

[@ANGIE-0794]

Yeah they're both sides of the same coin, and all in this together with their power and greed.

[@brandoncota8132]

Yep, doesn’t matter which party. They either serve the rich or they serve the rich. It’s so silly how people get so worked-up over partisan politics. Don’t take their outrage bait. Vote for people who actually want to make a difference, rather than serve some corporate master. Katie Porter for POTUS! I LOVE watching her dress-down big, corrupt execs. SO satisfying. We need more like her.

[@kentario1610]

@@brandoncota8132 every time I see a video of her it feels like I'm watching a neighbourhood kid in trouble with their mom and getting a public scolding in the street. Amazing.

[@vascofernandes295]

I mean, Democrats=Republicans except for some minor diferences

[@grostgoo4177]

They *constantly* complain about homelessness, but they're also constantly vouching for or even actively participating in this trash. I tried moving out of my mom's house a couple years ago and none of the jobs in the area allowed me to afford my apartment that I lived in with another person who also paid bills with me. I've done the math- the building would make more than 1 million a year but they just don't care about tenants in anyway.

[@ecoRfan]

Buncha fkn ignorant hypocrites. They have the homelessness situation on their hands.

[@johnpdd]

I've noticed that the homeless often hang out in the priciest zip codes. It's partially a choice. They could go where housing is cheaper.

[@youtub-fj8mu]

​@@johnpddmaybe they'd rather be homeless close to where they can find a job then homeless in a slum

[@dr.boring7022]

​@@youtub-fj8muThat's very true, and I do see both sides of the coin. I see homeless in both parts of my city, the good and the bad. I feel more bad for the homeless in the bad parts, especially when crime is very high over there.

[@drewsummitt8623]

@@johnpdd That's where the services are. If you move out to the sticks then you are homeless, and usually carless, without any access to shelters, public transit etc.

[@vagabond1920]

A lot of people have been predicting another housing market crash BECAUSE of all the speculation that has been going around with land and housing ownership. This situation also completely baffles me since being rent burdened or severely rent burdened puts a HUGE drag on the economy.

[@stealthis]

Because nobody cares about the collective anymore. Toxic individualism.

[@hunnerdayEDT]

I doubt there's going to be a crash because people with 1-2% interest rates will never sell & those who r close 2 foreclosure will short sell. Investors losing money will sell homes in bulk to hedge funds, then write any loses off on their taxes.

[@kellharris2491]

Way I see it the only people who will suffer are middle and low income people. Not that we matter to them.

[@mechamicro]

Too crash, more buildings. Bastards gonna suffer sure. Just build more

[@Demopans5990]

@jravens1313 Interest rates should really be at 10% or so. Better to force a huge crash to get all the pain over with quickly lest a bigger bubble pops

[@bradleyard4195]

I feel very fortunate that my wife and I were able to buy a house that was actually affordable for us. Several other homes in our neighborhood, unfortunately, are now AirBnBs, which has jacked up home prices and taxes. I've actually had random people show up, trying to buy our house, and it's like, "get the hell off my lawn!".

[@Lack_Of_Interest]

Whenever something becomes a commodity, it implicitly suggests that there should be those that will go without said commodity.

[@zuzanazuscinova5209]

What isn't a commodity?

[@spoinkable2217]

Hey, you name-dropped Greystar! We're renting from one of their properties in Seattle right now. It's $1000 more per month with 1/2 the square footage of our last apartment (I'm not exaggerating), and the quality is awful. But it's dressed up real nice so we couldn't tell before moving in.

[@whenhen]

I live in a Greystar property in Denver, and will be meeting with a lawyer this week to discuss the rampant roach infestation across my apartment and others in the property. The management has done the absolute bare minimum, knowing that they can get away with it, since due to the housing crisis, people can't just easily move to a better property that is actually well managed.

[@micperez819]

I actually had stayed in a couple greystar apartments before, but the greystar I am staying in now is the absolute worst. I wanted to buy a house but the cost of housing is so crazy here in Denver and I make 6 figures, its crazy. Looks like I may have to renew my lease instead of buying

[@Uriel083089]

Move into a rent control area and honestly do whatever you can to save for a down payment. Even if it means being a prisoner for 3-5 years, work sleep work sleep. Because is crazy how landlords or big corporations just want more and more money and we get screwed over.

[@loriena7x7]

Even if you save enough for a down payment it's not enough. These people are coming in with cash offers sometimes thousands over the asking price. How do you even compete with that?

[@Cyanopteryx]

A lot of younger people are starting to go in on properties together as groups. It can become a legal nightmare if they don't know what they're doing, but it's an option I think more and more people are going to have to look into. My husband and I certainly are. We have been saving up the last few years and have been connecting with various "intentional community" groups hoping to find the right people (in our case, other working class families with young children like ourselves). The only other viable option for us would be buying land with my husband's family, which is also something that people are starting to do. Historically extended families lived together anyway. It's not going to work for everyone but it's better than renting forever.

[@oldvlognewtricks]

Imagine allowing anyone to profit from restricting access to the necessities of life

[@ericdecker2914]

Imagine Capitalism?

[@Generic_786]

@@ericdecker2914 based reply

[@Generic_786]

Like Eric Decker said, unfortunately this is an essential part of capitalism and is inevitable under it. Not that it's okay or right, though. I personally believe capitalism is a very flawed idea and system, and should be replaced with something else.

[@dubs4688]

Dumbest post on the internet.

[@--julian_]

same with Healthcare in us

[@AndrewJohnson-oy8oj]

All commercial ownership of residential property should be illegal, mass or otherwise. Ownership of residential property should be controlled. The idea of one person owning multiple homes and leaving all of them empty is immoral.

[@ComradeQuestion091]

I believe Muammar Gaddafi had a policy similar to this 😂

[@AndrewJohnson-oy8oj]

@@ComradeQuestion091 Godwin's Law is so easy to apply to anything. Augustus, the first non-elected dictator of Rome, invented the fire department. Hitler invented the anti-smoking campaign. Napoleon created the modern legal structure.

[@ComradeQuestion091]

@@AndrewJohnson-oy8oj I'm not saying it's bad thing, I just find it ironic that Gaddafi had a better opinion on this one issue than the freeest country in the world 😂

[@M2161]

They don’t leave them empty… they rent it out.

[@AndrewJohnson-oy8oj]

@@M2161 I used to own a commercial property management company. Most of my associates at the time were other property managers and PM company owners. I dealt only in commercial properties, but those who dealt in residential would quite purposefully leave a percentage of properties idle to benefit from tax and governmental compensation. Remember that whenever you are shown "vacancy rates" statistics. It's closed circle where PM companies, REITs and holding companies hold a percentage of properties empty to benefit from programs and tax exemptions which are in turn in place because of the statistics showing how many residential properties are empty.

[@NightOfCrystals]

I live in the East End of Portland, Maine, where 56% of all rental units are AirBnbs and Vrbos. My friend is running for mayor on a campaign platform of ending homelessness and drastically increasing the stock of social, non-market, and affordable housing. What’s grim about the situation is that it feels late and like the homelessness and housing affordability problems are going to take a long time to solve.

[@rangusmusic]

Punk & DIY ethos is alive and well in Portland, Maine. Love that place!!!

[@ruggedascent]

My neighborhood has whole condo buildings that are basically ghost buildings - almost entirely owned by investors/AirBnB'ers. The housing & rent crisis isn't the only problem. We've had at least half a dozen major human trafficking busts in the area in the last few years. These scum are able to evade law enforcement by bouncing around from one luxury rental to another. We've also had a number of serious fires as a result of newly unhoused people trying to stay warm this winter. We even had a huge series of explosions when a stockpile of propane tanks blew up in an encampment. The consequences of this problem aren't going to be fully known for a generation.

[@AP-di8sy]

Not to mention the raise in suicides caused by t the noise coming from AIRBNB rentals

[@MeredithVolkman]

Currently dealing with housing issues where I live. My boyfriend and I are looking to move in together because in the past 6 months both of our buildings have been bought by new companies and our rents raised by over $200 because "that's the market." In searching for a new place I've found out that almost all the rentals in our area are owned by the same 4 companies that own hundreds of properties in multiple cities. Because we live in a college town, most of these properties are houses that have been split into multiple units. All these factors mean that 90% of the market is janky borderline derelict units and the ones that aren't disgusting are becoming completely unaffordable. We're hoping to only be renting for 1-2 more years, so we've also been looking at house listings in the area. The majority of smaller houses are badly done flips that would need so much money poured into them to fix the "updates" that have been done. I'm so sick of the human right to housing being the latest focus of people who only care about ROI and "passive income' 🙄

[@icecold8974]

This just made me feel even more helpless, knowing that the corruption runs so deep and there’s absolutely nothing I can do about it. It would take a nationwide rent strike to control of this matter.

[@ellen4956]

So much to say about this and I can't say it. I hate where my daughter and I rent, and so does she. 2300 a month for a slum. We sued the landlord two years ago. We won. So they expected us to move out after that. Even the attorneys were confused when we didn't move.There isn't anywhere else to go! My daughter works in SF, and we have to be close enough for her to get there. Rent in this whole area is insanely expensive. They can't raise the rent on this unit. But so many have lost their homes. I'm sure there are a lot of air bnb's here. If the attorneys agree to it we're going to sue again. I just hope we can do that before the wiring that the rats chewed through causes another fire. We bought fire extinguishers and put new batteries in the smoke detectors.

[@Jenloveshergoats]

this is also happening in Canada and it's one of the reasons why Toronto rent has skyrocketed. It's increased by 23% in ONE YEAR. The average 1 bedroom apartment in downtown is $2600. That's literally more than my parent's current mortgage of the house they bought in 2007 in Oregon (which is a great 3 bedroom house with a huge backyard in the suburbs)

[@sinebar]

I know that's right. I live with my mom in Toronto because rent is too high. I wish Canada would stop trying to be America.

[@ColdBaltBlue]

Same on the west side here. I live on Vancouver Island and due to our proximity to Vancouver, which is also another rich investor market, our home prices are skyrocketing. Average rent is nearly $2300.

[@joeyturbo11]

I live in Orillia, 30 minutes north of Barrie. Unfortunately it's not much better here. Rising costs in Toronto pushed people to sell there and buy here. The average home cost here was over 900,000. In a city of 30,000 people, that's also considered a retirement town. That's just unreal. It's caused more and more people to move further north from here as well. Driving housing prices up in Severn, Gravenhurst, Bracebridge and Huntsville. Worst part is that Toronto has good paying jobs, here in Orillia you're extremely lucky to have a job that pays 50,000 a year.

[@dlo111]

I am in Victoria and a home went up for sale in West Vic for 1.6M. The AVERAGE price of a home in Esquimalt is 1.2M. It. Is. Insane! How are people affording it? I'm renting and was super fortunate to have minor increases since the pandemic, but I know I will have to move eventually and I'm terrified how I'm going to make it work.

[@dlo111]

​@@ColdBaltBlueEasily. For a 4bd it is around 4500. How does a family with 3 kids or more afford that? It's bananas.

[@deathroll69]

A company just built an entire neighborhood (>150 houses) across the street from where i live. All of those houses are for rent, not sale. Its insane. ~$2500-$3000/mo in rent. I think what frustrates me the most is the amount of land they could have built mixed use buildings and had shops and housing over there instead. Of everything is going to be rented, it would be nice if it wasnt just a desolate suburban neighborhood of sidewalks that go nowhere.

[@franciscorosa1498]

Im so happy people are talking about this more, I know so many people who have college degree that must live with thier parents, including me, that can't afford rent or even a house.

[@rebeccaseppanen3767]

I stayed with my parents for 5 years after college. Then while we were engaged me and my husband bought a 1 bedroom home but would not have been able to do that on one income and both of us having good credit scores and for a couple years being able to save up money

[@umitencho]

Year off from my second bachelors. Back at my mom's home. Got a job paying $12 at a grocery store. Just job hopped into a Hotel Lobbyperson position making $16.

[@kni9ght]

@@umitenchogot my masters, it will be a year this September

[@ecoRfan]

I know that feeling especially in New Jersey and being socially awkward which makes me struggle to find roommates. I better have faith that I’ll get there eventually.

[@qjtvaddict]

Sounds like a revolution incoming

[@Mimi-cq4bg]

Watching this reminds me of how incredibly lucky I am. My brother owns his house, and he bought one half of a duplex as a rental property. He had it rented to college kids- til Covid hit. The kids all moved back home and me and my two kids moved in here to the rental. I pay less than what he could be renting it for, but, I also put in my effort and work for it. The gutters are cleaned twice a year, the gardens are tended to and when the kitchen counter needed to be replaced, I bought the new one. He’s letting me and my kids have a home with a yard and a basement which we could never afford on our own and im investing as much as I can into keeping his property cared for and maintained.

[@esikazemese]

It's a true blessing to have great family

[@sha1841]

You’re an appreciative sister 😊

[@dvdv8197]

A nice symbiose. 👍

[@zuzanazuscinova5209]

Do you have any plans to acquire ownership rights? You could get easily kicked out.

[@raulsalanaranjo6565]

One of the things that happen in Spain (and I am sure also in the US) is that there are lots of homeless people and empty apartments. Companies that own or control huge amounts of units will rather have them empty to introduce scarcity and therefore push up prices rather than renting them. This is not what a family who owns an extra unit from a deceased granny would ever do, because they would rely on the extra income to make ends meet (or go on holiday)

[@briancrawford8751]

Yeah, this happens in the US too. There are places that act like they absolutely don't want to rent an apartment while saying they have vacancies.

[@splendidcolors]

There was a big report last year that landlords use software to calculate how long to keep units off the market and how high they can push the rent. @@briancrawford8751

[@meridoughten9425]

It's mind-blowing to see how so many geographical areas are being affected by this trend! ☹️ I live in Vegas and it's def a big issue here, too, esp because of our zoning laws & the massive demand. The city has tried to crack down on short-term rentals by enacting local ordinances, but a judge out here just ruled some of them unconstitutional in late Feb because they were "too broad" (which was, you know, THE POINT 🤦🏼‍♀️). It's just insane bc we have *so many* resorts & hotels for visitors meanwhile locals NEED this housing. We don't have the option to live in a casino lol. So for anyone considering visiting LV, please support our hotels. They are way better than the houses out here anyway, trust me lol

[@tgcid2018]

It's not a trend,it's a system. The reason so many widely separated areas are experiencing the same problem is because they all share the same fundamental flaws, that is that the entire basis of our society is the hoarding of wealth. Whether you live in Maine or Nevada, your needs are less important than the needs of rich people to by another,bigger yacht to park their yachts in.

[@beulahboi]

I had to buy a house in such an unattractive neighborhood because I had such little money. But I got really lucky and found a house that needed minor repairs and was appraised for double what I paid for it. It's location is not great but that keeps airbnb's out of my area too. These companies are just milking the lower classes completely.

[@alexgrinage]

You should look at stat for saving and investing at all incomes, and it will show you people slightly above poverty or that escaped it largely make bad financial choices. And I think one way would be teach them. Everyone saying home ownership is impossible but that not true for majority of the country.

[@smns34087]

​@@alexgrinagesource?

[@AssBlasster]

@@alexgrinage Yeah my parents had home ownership prospects until 2008 housing crash and they lost their jobs. It has not gotten any easier since then for an AVERAGE income earner. What bad choices...going to college to get high paying jobs? We can barely meet rent, but home ownership is an available opportunity for most LMAO keep smoking the good stuff buddy

[@katiegraham6149]

I’ve been saying this for years. They should quit with the incentives and start regulating how single family homes can be purchased. Corporations should not be allowed to own them. Rent prices are getting so crazy- how are people supposed to save for a down payment in the first place? Then having to compete with investment companies that will (hopefully) turn around and rent it to them when they can’t compete is just wrong.

[@PeggyWebb]

It all makes sense now. Greystar bought the apartment complex where I live about three years ago and then six months later we had new owners. Our rent has almost doubled since then. And the building, built in the 1970s, is not in good shape. BTW, I live in TN where our dear (ahem) Senator Blackburn's 3 largest donors are real estate investors.

[@thumperkc]

Can you please run for office? PS thank you for being transparent about your duplex. I always thought if people have rentals, the max should be three.

[@aangitano]

I'd vote for her too! And I agree. Anything more than 3 is taxed so high it wouldn't be feasible. And if you try to buy with separate companies, it would be aggregated so that max 3 law still applies.

[@joylox]

My city is trying to make the max be literally just your own basement. While I certainly appreciate the idea, my grandparents had a second place they rented out for a while and it helped a lot. People have cottages, trailers and seasonal homes, and it would make much more sense to rent that out than leave it empty during winter, even if the locations aren't ideal. So there's balance, and 3 seems like it would be a better limit. I didn't realize there are people with dozens! The only time I've seen multiple ones work is with those "glamping" domes and sites with multiple cottages which aren't built for permanent housing as they are usually hard to get to (hike, boat, dirt road, or even an hour from the nearest grocery store).

[@justmillenialthings]

I don't think there should really be a limit, just have a progressive tax so it's less and less worth it to buy more of them for the extra income. Buying rental properties is part of my retirement plan and I'm working very hard and taking a lot of risks to make that possible, limiting rentals actually hurts responsible retirees just as much as commercial investors.

[@thumperkc]

@@justmillenialthings Good point and even better idea. I didn’t know about this approach.

[@patricksweeney6334]

@@justmillenialthings (grimacing) I'm just not there. I'm of that age, buuuut... owning property merely to keep it out of the hands of others (as a source of income) just clashes with my sense of right-n-wrong, y'know? At least not without providing some sort of genuine (and hard to imagine) value-add to the renter.

[@Peacewind152]

Me, a landlord who owns property and has tenants, agrees with 100% of all of this. Oh and being a landlord or rep of a landlord (super) should require a license. Edit: I should say I own a duplex in the same capacity as Leeja for the same reasons as she specifies. I live in Canada. We have a much similar issue up here too.

[@ninanano]

I live in Lisbon and the situation is horrible. There’s listings for single BEDROOMS going for upwards of 1000 euros and most people here make minimum wage which is around 700 euros. Young people here can’t get jobs not even if they’re academically accomplished so they end up moving out of the country. The “expat” situation has definitely worsened everything for us. I don’t know a single person my age that can afford an apartment by themselves, everyone always has a number of roommates, or we’re stuck living with our parents.

[@AP-di8sy]

Please live with your parents. Stay away from any landlords. Save together with your parents to buy your own place rather the pay someone else mortgage. Me and my brother are going to help our daughters (cousins)to buy the flat so they can share it together when they go to UNI. No way we will pay any scammer our hard worked money.

[@syddlinden8966]

All of this. I have felt for a while now that we need a term other than "housing shortage" to describe what's happening. Cause the housing EXISTS, but it's in the hands of assholes overcharging for it. Or being used as hotel space. Thanks for laying all the info out so well and with sources. I have been looking for a concise video to send to folks who ask questions about this issue.

[@Demopans5990]

Capitalism works best when the goods in question are able to be freely consumed and produced. Land cannot simply be produced

[@donpeters9534]

This is not only an issue in the housing market. This is a problem across the whole Silicon Valley Disruption Economy...

[@e.g.4483]

Not just affordable housing...it needs to be affordable, safe, stable and livable housing. Like you said Leeja, the investors cut corners and it shows.

[@SphincterOfDoom]

It costs money to make those things.

[@mattroberts86]

Very true, "affordable housing" in many areas now means a place where all your property will disappear while you are at work.

[@altrag]

@@SphincterOfDoom Yes it does. The problem comes in when things are made cheap but sold for premium prices in unfair transactions. That's of course not supposed to happen in a market economy, but rental housing is one of those things that is not and can not be a fair market. The landlord always has the upper hand in negotiations. If they don't like the deal, they can just wait until the next person comes along. They face _some_ cost for leaving a rental vacant, but unless property taxes go up an absolutely enormous amount that cost is trivial compared to the investment. They'd have to be rejecting deals for years before they became desperate enough to take whatever you offer. Especially the large investment rental firms as they can amortize even that small loss across their hundreds of rentals. On the other hand, if you're the one who doesn't like the deal you get to go live in a cardboard box under the bridge. You might be able to reject a couple of deals if you have friends or family willing to put you up for a while, but you definitely don't have years - your flexibility is more likely in the range of days to weeks before you run out of couches to sleep on. Certainly if you already have a solid living situation (already own something, your current rental isn't in danger of screwing you over, you live with your parents, etc) then you can afford to shop the market a bit more but a huge percentage of people don't have those options, and that percentage is only growing. Every time there's an economic downturn a few more people lose their homes and some number of those get bought up by the rental investment firms, not only keeping the cycle going but exacerbating it.

[@SphincterOfDoom]

@@altrag a) fair is subjective b) the investment itself is a cost, which you're ignoring c) huge percentage? Homeless rates aren't that high.

[@altrag]

@@SphincterOfDoom a) No, its not. Not in this context. We're discussing economic theory here and fair has a very distinct meaning: A transaction where both parties are on an exactly equal playing field. That is, no party can be coerced directly or indirectly to participate in a transaction that's bad for them. Housing is unfair under that definition - the landlord only loses a small amount of money if the renter chooses to walk away. The renter loses a basic necessity of life (shelter) if the landlord walks away. The renter is _always_ at a disadvantage, which makes the transaction unfair under the definition we're using. And no, you can't just use a different definition. You're no longer talking about capitalism if you try to do that. > b) the investment itself is a cost, which you're ignoring Yes, because its irrelevant to the discussion. That is a fixed cost that they've already paid. They aren't losing _more_ by leaving it vacant while they wait for a renter to desperate enough to agree to their unfair terms. And worse, its not actually a "cost" either. Unlike the cost of say, an oven for a restaurant that depreciates over time (that is, the original purchase price is money that is completely gone and unrecoverable after some number of years), real estate generally appreciates over the long term. That makes the purchase price not a "cost" but simply a transfer of wealth from one form to another. > c) huge percentage? Homeless rates aren't that high. Depends how you want to define "homeless". If you're only including the people literally living on the street then no, its not _that_ high. Higher than most people would like, but not _that_ high. However if you include all the people who want to buy a home but are unable to, the number skyrockets. I'm talking about all the people stuck living with their parents into their mid-thirties or even forties. All the people who have to share a 2-bedroom apartment with 5 roommates in order to split rent enough to afford. The people who have to rent an apartment 3 towns away from their worksite because everything closer is too expensive. They aren't legally considered "homeless" but they're not exactly well-housed either. And the problem is getting worse by the year. Its yet another attack on the middle class sold to us in the guise of "free market capitalism" in an industry where free markets don't exist and can't exist.

[@jagged_jim4169]

I am surprised you never mentioned Berlin and the referendum of wheather or not they should expropriate over 250,000 properties from the "mega landlord class", spoiler they voted yes. Also I think Vienna's social housing model is pretty attractive. Over 65% of their population live under social housing and is widely available for multiple income brackets.

[@splendidcolors]

The nice thing about social housing is that if you charge a % of every tenant's income, the higher income tenants can subsidize the lowest income tenants.

[@patrickraemcgown9740]

An example of the insanity. My former landlord bought a house for 25k in 2008. We rented it for 12k a year until 2020. We talked to him about buying the house with a fair offer of the time of 120k. One sticking point was the beams in the floor holding up the house were cracked, and the house had sunk 2 inches in the center. When the pandemic hit, he sold our house to a property manager firm which spruced up the inside a bit and sold it for 325k. Nothing done to the foundation but a few nice open kitchen accent poles holding up the second story. We have 6 kids and members of the family with disabilities we care for. We are not wealthy as family building is not a for profit business. We didn't qualify to buy at the new price, and we found ourselves moving. We are currently renting from a friend who's family had land and an empty home while we wait to be priced back in where we can try and buy a home. Landowners and Renters are two different classes of people in this country and the power imbalance is insane. I was born in 83 for generational reference.

[@timothyavendt677]

So, 1. Let's say out of the 12 years he owned it, you rented for 10 years. That's 120k for him. 2. You sound like you cared about that home. You probably took good care of it and saved him a lot of hassle. You were the true definition of "passive income" for him. 3. You offered him a fair value. This is an example of greed over the community. He probably got what? Maybe 80k more from a firm that doesn't care? He decided just to be greedy. I'm sick of people.

[@DramaticDylan]

When I moved to Boston in 2014 I paid $1400 for a 2 bedroom apartment. Now 2 bedroom apartments START at $2500. That’s an increase of $13,200 annually. That’s for an outdated, poorly managed property. When my roommate told me he was moving in with his boyfriend weeks before the deadline to renew our lease. I found out that even if I found a roommate to replace him, that our rent would increase $300 a month. They ended up increasing it $600 a month renting it to someone. Insane.

[@Sleipnirseight]

ALL OF THIS 👏👏👏 My city had been suffering greatly over the past few years due to gentrifying house-flippers and landlords who take, take, take from the community and give absolutely nothing back.

[@puppetmaster1403]

Don't the property owners give back property taxes and a house to live in back?

[@psiga]

Agreed. And thank you so much for not just speaking out about it, but speaking cogently from a place of experience. Being a rentier feels like babby's first pyramid scheme, and seeing financiers encouraging this on a mass scale just confirms how parasitic it all is.

[@5minuterevolutionary493]

I no longer speak to a friend i have known for over half a century because of finally understanding the inherent vice in his choice to buy up houses in west philadelphia, break them up into apartments, and rent them to UPenn students. Being a landlord in the current context is not something people should think is okay. We need to socialize the essentials of life, period. Rich people and upper middle class dbags have been so hoarding and selfish, so egregiously sadistic, never enough, always gaming things against others... they deserve no patience, no empathy... they are largely racists, and almost universally dishonest. End it. Take their stuff.

[@oldvlognewtricks]

It’s not their stuff. It’s stuff that should belong to people, that has been allowed to collect in ever fewer hands, for the purpose of making it more expensive and using that as an excuse to take even more from the people who used to own this stuff…

[@segamai]

Good for you, F that „friend”

[@ericdecker2914]

Landlords are not people.

[@SlothDaan]

A landlord in itself isn't a bad thing inheritly. Sadly most of them are immoral money wolfs who don't care about people, only about money.

[@aff77141]

People need to understand it's literally feudalism. LITERALLY.

[@KC-Mitch]

This is a huge problem in Orlando, where I live. Landlords make a _killing_ here because there's a huge airbnb, short-term rental demand, allowing landlords rack up rates. Problem is, this entire city requires hundred's of thousands of service industry workers, all making under $20/hr throughout the theme parks and hotels in the Central Florida area. I'm considering moving back home to Missouri after my daughter is born, because we're behind on rent; getting initial eviction notices (the 3-day to give up property notice) every month. I'm waiting for our apartment's new management to finally crack down and tape the eviction warrant to my door kicking us out, once and for all.

[@afreaknamedallie1707]

If you can get out before you get the official eviction I recommend trying. I know it will suck extra hard pregnant, but the eviction will make things so so so much harder for you long term. I hope you can avoid it all together.

[@WhatWillYouFind]

Dont go to Missouri if you value your wife or daughters rights. Missouri for the last 5 years has been a shithole country of its own passing conservative nonsense and 3rd world IRAQ style fascism. IF you have a dog, it is more personal and reproductive rights than your female family members. I'm not even being sarcastic there, I live in Asia now and I'd never move back. It pains me that Misery gets its nickname down to a t. I grew up in STL and my mind is constantly being blown whenever I see the next dumb shit that keeps getting passed.

[@sinceresinclair]

Why are you having a child and you can’t afford housing? This seems like a bad idea.

[@fordsquared537]

​@@sinceresinclairturns out, you can get pregnant and then things happen after. The severe lack of empathy from everyone in this comments section is ridiculous

[@Junebug89]

@@sinceresinclair "poor people shouldn't be allowed to have families" isn't the W you think it is.

[@Venthryx]

Thanks for specifying "mass" ownership, my sister and I were fortunate enough to buy a home when they were cheaper around 2016ish times and we've been renting the whole basement to a sweet girl and her son and we have a pretty good relationship with them (although that was after having 3 horrible Tennant's that caused lots of damage) and we can't help feel like the whole "land lords suck" makes us feel guilty just for letting someone live with us

[@harlanjackson6112]

Ignore the haters. You're providing affordable housing for your tenant, any addition to housing stock is and should be welcomed. The US has been under building housing for years now, and of course Corporations are taking advantage of that imbalance. Too bad this youtuber won't rent her duplex unit to a long term tenant. Comes off as hypocritical to me.

[@kelsynicole9135]

No, if they were more landlords like y’all that actually had the tenants interest at heart, the world would be a better place. Actual people owning property, not corporations.

[@cantthinkofaname5046]

It’s only a problem when you start to get to the territory of owning multiple homes that you don’t live in yourself, or don’t use in any meaningful way. When you own multiple homes specifically to rent, it becomes a matter similar to buying tickets to a concert and selling them at a massive mark up online, scalping basically. Renting out the basement of your own home is different, you’re both working class people making ends meet, you can feel the inherent difference

[@Venthryx]

@@cantthinkofaname5046 thanks, it just sucks the language used doesn't differentiate between the 2 unless you add more words like "mass" the language used is still "land lords" and honestly that doesn't feel accurate for describing these big greedy organizations that are buying multiple property. So thank you to all the kind comments, I just wish we had a better word to tell the difference because some people can't

[@cantthinkofaname5046]

@@Venthryx well in the end you have to cut those people some slack too, the system that has landlords in the first place instead of shelter for all as a right is to blame for their strife, but most landlords, even the ones who aren’t Airbnb corporations, are complicit in someway

[@jefft5152]

I'd say there needs to be a limit on the amount of short term rentals per zip codes.

[@briancrawford8751]

Local ordinances could take care of that easily.

[@imjustdandy9799]

So many “charitable” landlord in the comments talking about buying homes and renting them out “affordably” are so busy patting themselves on the back that theyre missing the point. All of you, including Leeja, are part of the problem. This isnt calling you bad, it’s just a fact that you have to live with.

[@lyrebird712]

Not only a limit on the quantity, we also need to revisit monopoly laws to prevent these large companies from simply creating an umbrella corp and having their subsidiaries "compete against each other". I used to work for a liquor distributor that does this with their sales subsidiaries to avoid violating anti-trust laws for occupying too much of the market.

[@lyrebird712]

@@TimbreWx I don't care if something is "smart business" if it is bad for society. Why folks venerate business owners like this is mind-boggling to me...

[@tw8464]

Precisely too much monopolization in America. It's outrageous

[@tw8464]

Feels like antitrust hasn't been seriously or genuinely enforced since standard oil got broke up

[@glumreaper8885]

For-profit rental houses and for-profit healthcare is just an insane idea. Imagine if education was still only for-profit. "Sorry, honey, your kid is only allowed to read if you can afford $11,000 a year for him." Except we *do* say, "Sorry, honey, you and your kids are only allowed to have a comfortable house to live in if you can afford our monopolistc profit margins since we bought all the development rights in this neighborhood."

[@crazyeight9]

I know it's surprising you have to pay to live in other peoples property lol. Can you believe that. Almost like you don't own it so of course you have to pay for it

[@hueco5002]

@@crazyeight9no one is saying there should be 0 rent whatsoever. Way to strawman there bud.

[@jackcoleman1784]

So I don't know what country you live in but here in the U.S. the Republican party is always pushing to privatize literally everything they think they can get away with and that includes public school. They've been pushing charter schools, religious schools, etc for decades now. They've actually been trying to make it so that a parent that doesn't want their kid to go to public school can get some kind of voucher or agreement to get the government to pay for their private religious schooling. So the idea of privatizing schooling which may seem like a hyperbole to you is actually always being proposed in this country and it's always the same people doing it.

[@crazyeight9]

@@hueco5002 the rent should be however much the owner of the property deems appropriate. If the tenant doesn't agree they can simply leave. Very simple and logical

[@chie5747]

@@crazyeight9 where would they leave when every owner in the area decides to raise the price above what that person can afford?

[@meowcoww]

Why does she keep trying to defend her airBNB in a video about how landlords and especially airBNBs are immoral?? If you can't afford a bigger house without making it an airBNB, you shouldn't be purchasing that house. At the bare minimum, it should be a long-term rental property.

[@laurenminerifly]

She is literally taking a long term rental or home off the market for a short term rental and then has the gall to complain that people treat it like a hotel. That is what it is. Honestly all these people who own a air bnb saying “I’m not the bad guy” are exhausting and there are so many of them and it’s causing such a problem in our society. Good for her for making her money but I’m unsubscribing.

[@sharongillesp]

EXCELLENT overview of an AWFUL situation and the decline of morality across the globe.

[@harrisric128]

The private equity firms have done so much damage to the housing in the US. As a small landlord (3 units in San Diego) it's an absolute mess. The NIMBY crowd is also a disaster for the need for more housing. The frustration everyone outside of large landlord companies and policy makers is feeling is real. I just hope at some point we all get together and push for the change that should have happened over a decade ago

[@57boomer44]

Thanks. We are housing a couple of people who lost their apt due to the private equity deal you explained. Shared this one.

[@MeeesterBond17]

Wow, that story about Sidona had me shaking my head in disbelief... In addition to all the points in this video, independent landlords can provide a much better service when compared to the big operators - my first landlord in Germany insisted on helping us move furniture upstairs (he was a retiree and I was terrified he would injure himself), whereas the rental company we're currently with didn't even bother to clean the place before we moved in. There was dust everywhere and a few dead spiders in the kitchen... 😬

[@asherscott3151]

People lose their crap at small landlords than own 2 extra houses, but the reality is that corporate landlords and businesses using property as a speculative good are causing 95% of the issues. Karen down the street with a second house really isn't the main problem here

[@afreaknamedallie1707]

Only owning 1 or 2 extra homes isn't a big deal buy it DOES add into the problem. I think the growth of midsized landlords running llcs of 20-300 units is what drew in the salivating large Wallstreet companies. But the mid size landlords like to pretend they're "mom and pop" to point to the large ones to get attention off of them.

[@VVVVV00]

She still doesn't need two homes period.

[@sha1841]

@@afreaknamedallie1707You’re absolutely right!

[@rw7717]

@@VVVVV00ow are you going to police what she buys? What if I told you to only eat one meals a day? You know, because other people don’t have food.

[@BJtheBassist]

@@rw7717nice deflection, the police are okay with wh*te collar crimes in general.

[@lennytherat]

This is a huge problem in my area, an rent prices have only gotten worse after COVID. I live in a well-known college town, and its very popular to rent out Airbnbs during football season. Its at the point where even a studio in one of those shared, rundown, college houses is over 1,000$ (For context, just three-four years ago you could find studio rentals in these houses for 400-500$. And no, minimum wage has not gone up). College friends I know are depending on the university for food- all their money goes to rent. Even with roommates these prices are unsustainable. I just graduated, but I dont think ill be able to stay here, despite the job opprotunities. Im just not paid enough.

[@Winspur1982]

College football has gotten so thoroughly evil. It's so obviously a racist cash cow for "sports drink" makers and a bottomless money pit for fat white men who think they have "coaching ability." I'm honestly amazed so many Black men put themselves through that meat grinder. You deserve better, dudes! Congratulations on graduating, anyway. You are now well-educated and don't let any misogynist asshole tell you otherwise.

[@thenewwaysmusic]

SIDE NOTE. In Berlin they have actually passes laws to limit the number of AIRBNB forcong hoszs to register with the local government and also provide their tax number. You can share a house you are living in but you cant rent an apartment only to rent it to others on Ait Bnb

[@theamazingwrabbit]

i cant believe one company singlehandedly screwed over society this badly.

[@MoonFirefly13]

Me either, but they did.

[@wendwllhickey6426]

Companies in California bought homes in Midwest were people only make so much money and when they tried to rent them out for 3500 a month and now have been sitting there almost 3 yrs and ha e not rented it at all so been sitting empty how long can you go without renting it out .

[@AlsanPine]

it is strange to hear someone be against corporate rental system. i have been saying this for decades. the problem has worsened since 2008 but it was a problem before that. this is only the 2nd vid of yours i have seen and so far you are spot on. 🙂

[@corn.worshipper]

my mom’s landlord was our local congressman and the basement and garage were completely unusable because he continued to use them as trash dumps without notifying her before she moved in or agreeing to do anything about it, he also sent random people over to her house with less than 1 day notice, and left the floors in all the bathrooms with a concerning amount of rot. This was at double what her previous, similarly-sized house cost per month.

[@briancrawford8751]

what's his name, and is he still in office? I'm sure there are plenty of journalists who would love to ask him about it.

[@corn.worshipper]

She would probably not like to talk about it 😭

[@WatashiMachineFullCycle]

I have to say Leeja, your utter destain and just pure exasperation regarding cooking is selling me more than any other KZbinr trying to sell me packaged meals. The entire rant about hating cooking I was just like GIRL SAME, LARRRGE MOOD

[@muirgirl]

"Disdain"

[@LeejaMiller]

Lolllll EXCELLENT i will tell factor

[@Generic_786]

@@muirgirl No need to correct someone like that. You are technically right regarding the spelling, but it's not an important task and could make the other person feel worse about themselves. I am personally very bad at spelling so I can sympathize with spelling mistakes here and there.

[@muirgirl]

@@Generic_786 Relax? Seems you are the only one here reading morality into someone else not knowing the spelling of some word. How else are we meant to learn from one another with oversensitive policing like this? Weird reply.

[@Generic_786]

@@muirgirl Hi there. I know we have this idea of 'over sensitivity' and 'snowflakes' but I wasn't trying to police you and I am sorry if I came across that way. Personally, I was trying to give you a perspective or idea you haven't heard before. I think in our society we hyper focus on and villanize those trying to be sensitive to others. Some ways we do this are by generalizing outliers with an entire group. You can see this with accounts such as 'Libs of Tiktok.' One of the most effective ways of allying people is by alienating entire groups. (I know I might be reaching too far but bare with me) I personally believe it's more important to be conscious and mindful of others and try to give each other the most pleasant experience we can, if we can so that we can best communicate and get through to people. Again I'm sorry if I came across as aggressive or hostile but I did not mean to be. I'd be open to having a discussion on some of the specifics and logistics if you want. Thank you for taking the time to respond and I hope you at least consider what I've said.

[@justanotherjessica]

I feel like what *could* help fix this mess is a two-tiered mortgage rate system where owners of a single family (or small multi-family) home who LIVE IN THAT HOME get a break on their mortgage interest rate and everyone else pays a higher rate. There would still be large corporations buying up properties with cash but it would dissuade new people from getting into the rental market.

[@justwhistlinpixie]

Better yet, a two-tiered property tax system. You don't live in the unit? Pay 2x or 3x in taxes and contribute to the community.

[@justanotherjessica]

@@justwhistlinpixie I'd be down for that too.

[@ItsAlexandra101]

I honestly think zoning laws should be more restrictive and disallow corporations from buying homes in certain areas. Not only that but there needs to be a crackdown on Air BnBs. I was looking at apartments in Nashville and there were entire apartment buildings that were just AirBnBs, it was ridiculous and it drives up living costs.

[@deestupi]

Interest on investment properties are about 1-2% higher than primary residences. Second homes typically have interests that are between primary residences and investment properties. The definition for 2nd homes for the most part only requires staying in the home at least 14 days out of the year. They do not have to be consecutive days. So there is technically already a tiered system. However interest is not the problem because when interests are lower more lower income people can afford all types of housing ( primary, 2nd homes, investment property). I do not hate people having multiple homes because sometimes you buy a home for a family member who can't themselves. Now what is BS is that you can take out loans against 2nd homes and sometimes investment properties, so as long as you own houses you have access to capital. This not only allows people to buy more houses but if you get hurt in a property that is owned by an LLC or corporation you can only get the equity in the home. Therefore if you are an LLC you will most likely take out mortgages on your home because equity is calculated as the difference between the value of the home and what you owe. These extra mortgages will keep rents high while the landlords can use that extra capital to buy more properties or other assets. In addition to that they are increasing the housing bubble because taking out the max loans will require that real estate values increase In summation renters fill the pockets of lenders and real estate investors.

[@DimaRakesah]

I wouldn't want to dissuade apartment buildings from being built, though, so I think it makes more sense to focus on restricting the mass buying of existing housing rather than penalize apartment complexes.

[@Erisblackstone]

I think owning a piece of property and renting it out on its own is parasitic. That isn’t your money, that’s someone else’s money you’re taking.

[@jerrybriardy]

We live in a single family house paid off in 2013. Every single day we get at least 3 telephone calls from companies offering to buy our house. We bought it at a perfect time when house prices were crashed in 2012, for $80k. It is now worth $200k, which is way overpriced IMO. We would like to buy 2 rental properties to gift to our kids when they become adults, but prices are outrageous. Clearly this is why.

[@nerad1994]

200k is considered high? What state? Over here, 1 million is considered high lol

[@Demopans5990]

@@nerad1994 High in relation to the size of the house?

[@megalodon1726]

$200K is half the median price of a home in the USA.

[@jetlaggedchef6806]

"Who's to blame? AirBNB. Oh btw, I haz duplex with AirBNB. But that doesn't count because I'm only taking one affordable housing option off the market." Bullcrap. If you really just needed to offset your mortgage, you would simply rent the other side of your duplex. But instead, you took an affordable rental off the market so you could make more money with an AirBNB. Sit down until you're called for.

[@jenniferanderson1600]

Yes, it's a belief that her entitlement to own the house she wanted but could not actually afford (at least not while maintaining the lifestyle she wants) trumps the would-be long-term tenant's interest in adequate housing.

[@chadcordero1618]

I had this problem in 2009 when I was buying my first home. I wa outbid several times by companies buying up properties to rent.

[@quasinfinity]

An idea that I'd just like to throw into the æther: it would be great if there were a way for airbnb hosts to temporarily offer their rentals to shelter homeless people who just need a shower.

[@lesliewit]

They don't want the poors in their "investment property" 🤣🤣🤣

[@Winspur1982]

It is even greater when the local government funds a 24-hour homeless shelter that's more than just a church basement. I believe the city of Albuquerque has such a facility.

[@karcavida3250]

I am so glad you did this video! I know some people who are in the rental business, moreover, am close with some of them. And they absolutely don't care, they just buy old apartments in the centre and flip them. If you tell them the situation is not fair and that it should be regulated, they'll tell you that you should work more and then you'll buy your own real estate, or that I am dumb if I am mad that foreigners and equity firms can hog all viable apartments and jack up the prices, making housing inaccessible even to people with a decent income. The only way to stop these people is to change the legislation. Which is unlikely to happen since the construction and landlord lobbies are too strong.

[@icedirt9658]

“Just work harder!” The majority of people are maxing out their abilities to work. “Hustle culture” would not be a term that is commonplace. If hard work actually always paid off, if it was always possible to figure out what kind of hard work does pay off, almost no one would be complaining. “Work harder” is a thought stopping statement. It is about the same as saying “I don’t care what you have to say, fuck off and leave me a lone.” It’s not a real philosophy that functions. The landlords who say that may as well just straight up say “sucks to suck”

[@emilyb.8219]

why are you close with people who don't mind taking advantage of others with less means tho

[@maxharvey165]

Hell yeah, a rant about rent. Preach girl, I'm all here for it.

[@erzsebetkovacs2527]

This seems to be a global problem, in big cities, at least. You mentioned Lisbon, and in Budapest, long term renters are competing with not only short term renters (that is, tourists coming for sightseeing and taking out AirBnb's for a couple of days), but also, ultra short term renters, meaning people who take out a one bedroom flat for just a couple of hours (for what reason, it's anyone's guess). Often, it's the same hosts operating both businesses, and the end result are eye-watering prices in the city centre, and long term renters are moving outside the city, commuting to work everyday. Since the reigning party and their friends have an interest in it, I don't see change any time soon.

[@Jordan-pf9ws]

Plus the extra fees now and expecting you to clean or do laundry. It's insane, staying in a hotel is easier and cheaper now